FDIC: Buckeye State Bank Assumes All of the Deposits of Resolute Bank
Resolute Bank in Maumee, Ohio, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Buckeye State Bank in Powell, Ohio, to assume all of the deposits of Resolute Bank….
FDIC: Kentucky Farmers Bank Corporation Assumes All of the Deposits of Louisa Community Bank
Louisa Community Bank in Louisa, Ky., was closed today by the Kentucky Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Kentucky Farmers Bank Corporation in Catlettsburg, Ky., to assume all of the deposits of Louisa Community…
HUD and Census Bureau: New Residential Sales Report for September 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for September 2019: New Home Sales Sales of new single-family houses in September 2019 were at a seasonally adjusted annual rate of 701,000. This is 0.7 percent (±16.1 percent)* below the revised August…
EDA: $4.7 Million Invested to Improve Deer Park Business and Industrial Park in Spokane County, WA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.7 million grant to the city of Deer Park, Washington, to help improve the Deer Park Business and Industrial Park. The grant, to be matched with more than $1.2 million in local investment, is expected to help…
CFPB: Symposium Announced for Dodd-Frank and Equal Credit Opportunity Acts on November 6th
The Consumer Financial Protection Bureau (Bureau) announced today that it will hold a symposium on Section 1071 of the Dodd-Frank Act on November 6, 2019 at 9:30 a.m. The event will be webcast on the Bureau’s website. Section 1071 amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to collect, report, and make…
EDA: $13 Million in Grants Announced to Support Trade Adjustment Assistance Centers and U.S. Manufacturers
Today, U.S. Secretary of Commerce Wilbur Ross announced $13 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachussetts,…
EDA: $2.7 Million Invested to Support Diversified Business Growth in Oregon, OH
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the city of Oregon, Ohio, to help attract new businesses to the region by expanding the Cedar Point Industrial Park. This grant, to be matched with $679,179 in local funds, is expected to…
EDA: $382,000 Invested in Critical Railroad Infrastructure Need to Serve Businesses in Missouri Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the Southeast Missouri Regional Port Authority of Scott City, Missouri, to make infrastructure improvements. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $382,000 in local…
ABA: Bankers Across the U.S. to Promote Financial Literacy on Get Smart About Credit Day
Nearly 6,000 bankers will share credit education to 156, 000 students on Oct. 17 Bankers across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit Day on Oct. 17 by visiting classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of October,…
ABA Foundation: Kathy Luria of Webster Bank Honored with 5th Annual George Bailey Distinguished Service Award
Connecticut Banker wins ABA Foundation’s highest individual honor. Kathy Luria, senior vice president for community affairs and philanthropy at Webster Bank in Waterbury, Conn., has been named the ABA Foundation’s 2019 George Bailey Distinguished Service Award winner for her tireless and innovative efforts to expand and enhance Webster Bank’s community and philanthropic engagement. Luria will…